i used MILLIONS in Margin to Buy Tesla | What Happened Next
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- čas přidán 23. 09. 2020
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⚠️⚠️⚠️#Fail #Stocks #Margin ⚠️⚠️⚠️
this is what happened when i borrowed on margin to buy tesla stock and what I learned from using margin.
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tesla..
Tesla to 1000 by EOY?
@@patrickchan7935 no 75% chance of crash. Cause US is getting a draining of the swamp
the word of the year
Ouch
My esla!
Kevin O’realy to Graham: NEVER USE MARGIN
MeetKevin: 3 Million in Margin
Me: 🤦🏽♂️
I just thought of that
Wanted to say the same...
Lol exactly! While I was watching Graham's video yesterday, I was like "Kevin needs to talk with Kevin..."
Graham and O'Leary are super safe investors, which is understandable I can't hate on that. My boy MeetKevin is a little more aggressive lol.
@@AnshulBajaj Graham should at least talk to MeetKevin, aren't they boys? Friends dont let friends use margin lol
I can't be the only one that thinks this almost sounds like a gambling addiction.... 😅😬😬😬😬
It is exactly that.....just like coffee is a drug.....a legal drug
Addiction??? nonono im only 60% on margin and i can cut it when I want.
He got rewarded with a bad behaviour massively and the sad thing about it is the he will do it again in the future with another tesla 2.0 stock and it would not play out as nicely as it did this time around.
I predict Tesla will fall to $36 just as I predicted MSFT would fall to $16 after the .com bubble burst, after all the institutional and Robinhood Sunnys are done with their momentum orgasm
Take it from this Noble Laureate in Economic the Ten commandments of Investing in this volatile market:
1) Never buy and hold, its like giving your cash to crooks of Wall st to manipulate
2) Get in dips and out on bump. I bought TSLA at 330, 2 weeks ago and sold at 410 , yesterday I bought TSLA at 350 and sold at 400 , dollar cost avg , could not catch all 1000 share of TSLA at 330 or 350. No one can time the mkt with 100% accuracy. I have a 92% success rate.
3) Always cash , no margin , no options, no Bonds , no day trading .
4) Never ever leave your cash on the table over the week ends.
5) Buy only when the mkt is down big time before the market opens. This opportunity comes along 2-3 times a month
6) Read books on the perils of gambling.
7) Be careful buying before earning calendar , most stocks have already made the run.
8) Never listen to all these Stock gurus on yout tube who mostly give BS advice
9) Dont look at the stock mkt as making big gains overnight, be conservative , dont fear FOMO
10) Dont be greedy . Period. Be patient , there are always more opportunities.
.
ReplyForward
@zeppo shemp It can be. Success often hinges more on your personality than your skills. FOMO can sink you.
I have never and will never trade on margin. After spending my entire 20's in debt I'm finally saving and investing and I wouldn't do anything to jeopardize that.
I predict Tesla will fall to $36 just as I predicted MSFT would fall to $16 after the .com bubble burst, after all the institutional and Robinhood Sunnys are done with their momentum orgasm
Take it from this Noble Laureate in Economic the Ten commandments of Investing in this volatile market:
1) Never buy and hold, its like giving your cash to crooks of Wall st to manipulate
2) Get in dips and out on bump. I bought TSLA at 330, 2 weeks ago and sold at 410 , yesterday I bought TSLA at 350 and sold at 400 , dollar cost avg , could not catch all 1000 share of TSLA at 330 or 350. No one can time the mkt with 100% accuracy. I have a 92% success rate.
3) Always cash , no margin , no options, no Bonds , no day trading .
4) Never ever leave your cash on the table over the week ends.
5) Buy only when the mkt is down big time before the market opens. This opportunity comes along 2-3 times a month
6) Read books on the perils of gambling.
7) Be careful buying before earning calendar , most stocks have already made the run.
8) Never listen to all these Stock gurus on yout tube who mostly give BS advice
9) Dont look at the stock mkt as making big gains overnight, be conservative , dont fear FOMO
10) Dont be greedy . Period. Be patient , there are always more opportunities.
.
ReplyForward
@@MrRamadan101 Great post.
You are gambling lol
A very generous comment. Thank you. :]
Worked for GS for 25 years, I have never seen anyone use margin without a call...many lost everything. Be careful. Just because you can doesn't mean you should!
True! I feel like the guideline for margin shouldn't be 20-30% max of your portfolio but 20-30% of monthly income.
@@care420bear i use 400%
Margin is best for day trades with tight stop losses. I use 4x margin. Sounds crazy, but it works well for me. I find good entries and get out early with my profit. If I was wrong with my entry than I I get stopped with a small loss (usually .25-.5%), and if I was right, then I can make a good bit. I aim for 1-3%. Anything over that is luck or gravy money and I just move up my stop loss till it hits (locks profit in but allows a chance to make more) I haven’t made an “insane” amount this month, but I’ve made 10%. Last month I made 30%. I’m happy with it. I suppose doing what I do requires a lot of discipline though. It’s always tempting to get rid of the stop loss in case it swings back up, but logically speaking that’s how you can get wrecked. With 4x margin a 10% loss on the trade is a 40% loss. Definitely don’t want to even risk that. With this method I can’t trade premarket or ah because of the lack of stop loss during those times, so it has its limits, but like I said, it works for me and when I am wrong on a trade I’m willing to accept the small loss and move onto the next trade. Also, I NEVER hope for a big “win”. If it happens, sweet. How lucky. I aim for just 1-2% because it is so common for stocks to make clean moves within those percentages.
@@maddoxbrock3749 your reasoning is the best I've heard... i probably won't do it but I feel like I understand the upside and best use for it now. thanks for that
@@maddoxbrock3749 sure if you day trading using margin can be ok. But better not used in a single position. At 4x a 25% move will wipe out whole account. Using stop loss is a huge part but it won't help if stock gets halted when releasing news. Then open 50% lower leaving you in huge debt. Having traded for many years I could write a few novels of most insane situations pop up.
You're way beyond having to prove yourself to people. Don't let the haters get to you, man. Keep up the hustle.
???
People trust this guy for investing advice. If he fubars the deal and they get slammed, it makes no sense to tell them not to be angry.
@@billcichoke2534 I was specifically referring to the part where he pulled up his M1 finance account to prove he sold after people were saying he didn't.
Perfectly said broham.
@@dtizzy720 thanks!
@@dtizzy720 Not really. Since this guy runs a PAID service, as well as doing these vids, those folks DO have a stake in him being accurate and not fumbling the ball.
If they were just Robinhood millenials with mommy's divorce income stupidly following tech lemmings off the cliff, I agree with you. But not everyone is playing with their allowance; some folks try to make their living trading. Calling them 'haters' when they just as easily could be pushed off customers, is out of line.
I have a margin account but I use it like I would a credit card. If I see an opportunity to buy shares at a low price I will buy on margin but only if I already have the money to pay off that margin by the end of the month. Would never use it for more than that, never want to be forced to sell my shares, especially Tesla.
Yes, but when a margin call comes, you have 1-3 days to pay it off- if you are lucky! Otherwise they sell your shares at the end of the trading day. No end of the month allowances with margin,
@@nomadundercover3018 My portfolio size vs the amount of margin I use makes a margin call highly unlikely. Portfolio would have to drop 60%+ to go below the maintenemce requirement.
If you have the money, and you're going long, why use margin??
@@rebeccalindsay5795 Its just a convenience thing, it can take a few days to move money between accounts and I like the ability to grab shares immediately if there is a decent dip.
@@jkimball14 If I use margin to buy shares and hold them overnight, will I get charged with the margin interest ? How often do I get charged margin interest as long as I'm still on margin ? Monthly ? similar to credit card usage as you mentioned ?
I Watched Graham Stephen yesterday interview with Kevin O Leary, the most important thing he said, NEVER NEVER! Use margin.
I feel like you made this video just for me because I asked you what margin was a few days ago. Thanks :)
here for ya!
@@MeetKevin Republican Filth!
@@MeetKevin Republican Animal!
@@MeetKevin Republican trash! Only these brain dead sheep don't know the truth!
@@MeetKevin You're a wanna be Republican trying to climb your way to the top not knowing there will be a glass ceiling before you make it that will stop you from ever entering the 1%! Keep using the people to benefit yourself to reach the Trap that awaits you. You're selling your soul to the Dollar without even realizing it!
This video is wise as hell!
Thank you for existing Kevin.
🙌🏻🙌🏻🙌🏻🙌🏻
It’s good to hear and see real life stories about investing (good and bad). Makes you more believable. Definitely will keep tuning into your videos.
THANK YOU! I really appreciate the DETAILED explanation of margin. The example was super helpful and so was the calculator. Many many thanks!
Thanks Kevin. Always sharing your experiences and lessons to cut others learning curve. Much respect and love!
I am impressed by your wisdom, experience and these recent decisions you've made, young man. Keep doing what you're doing, Kevin!
I've been following the sell on green and buy on red. My retirement account has doubled now. I am actually exiting stocks for the long term positions on my retirement. I think we have a big crash coming and I want to use real money to buy in.
I've been following the buy on green and sell on red, my wife has left me and now I can't buy a Tesla
Jack your wife is with billy now
Not to be "that guy", but if you haven't done it already I'd recommend siphoning part if not all of your profits from selling socks this year into gold and silver.
If gold and silver crashes, you'll still be at net 0 this year, if cash crashes you'll be in + and very glad you did.
The hard part is justifying spending 10k on 5 coins...
actually it's a good discipline to siphon profits and pay checks into stuff like gold and silver, or even a house/property that you can get without going into debt.
At the end of the year you should be at net 0 on your accounts, because inflation is going to cost you more then you can get off interest.
That way you can still play around with X amount of money to invest each year, and still hold something valuable at the end in form of metals and property... though property can be toxic at times, but in the long term somebody is going to be interested in that property, be it in your life time or passed on in generations.
@@chrish9502 Damm I wish Gretchen would just come back
@@svampebob007 ....so turn your wealth into metals instead of cashflow....I think not.
Your videos are AMAZING. Love the knowledge U share and your transparency. Pls continue making them.
Great video. Love the transparency!
"What could go wrong?" in financial decisions is the equivalent of "hold my beer" with a 4x4.
LowTierSubHumanoidGTABXV 🥱
You ain’t lying. Put my whole paycheck in yesterday night and got back a nice amount
Funny!
Bahahahahah
Truth.
Don’t use money that you don’t have. Be happy with what you have.
Lmao thats how millionaires are created 😂
I predict Tesla will fall to $36 just as I predicted MSFT would fall to $16 after the .com bubble burst, after all the institutional and Robinhood Sunnys are done with their momentum orgasm
Take it from this Noble Laureate in Economic the Ten commandments of Investing in this volatile market:
1) Never buy and hold, its like giving your cash to crooks of Wall st to manipulate
2) Get in dips and out on bump. I bought TSLA at 330, 2 weeks ago and sold at 410 , yesterday I bought TSLA at 350 and sold at 400 , dollar cost avg , could not catch all 1000 share of TSLA at 330 or 350. No one can time the mkt with 100% accuracy. I have a 92% success rate.
3) Always cash , no margin , no options, no Bonds , no day trading .
4) Never ever leave your cash on the table over the week ends.
5) Buy only when the mkt is down big time before the market opens. This opportunity comes along 2-3 times a month
6) Read books on the perils of gambling.
7) Be careful buying before earning calendar , most stocks have already made the run.
8) Never listen to all these Stock gurus on yout tube who mostly give BS advice
9) Dont look at the stock mkt as making big gains overnight, be conservative , dont fear FOMO
10) Dont be greedy . Period. Be patient , there are always more opportunities.
.
ReplyForward
I use margin because have balls of steel and lack of emotions, and i make enough money to pay for any possible margin calls but im 100% in Tesla so i doubt that’s happen anytime soon, 89 shares at 393$ average
Half of those shares are margin and i just fund the account for the interest and i have a trailing stop loss of 15%
Famous last words of no one successful.
i have been watching you for over a year, nice to learn from you, keep up the good work !
Appreciate all your knowledge, you are awesome. Thank you!!
WHAT ARE YOUR THOUGHTS ON 5G / RF / EMF RADIATION AND CELLPHONE TRACKING BY THE GOVERNMENT (OR ANY HACKER)? WILL THEY USE EVERY SINGLE TOOL TO TRACK US DOWN DURING A FUTURE LOCKDOWN?
Even when our phones are 100% turned off, they can still listen to us and track us 24/7!
Look it up on CZcams: ULTIMATE DEVICE SHIELDING - FARADAY BAG FOR PHONE - Anti-Hacking / Anti-Tracking
Or czcams.com/video/EVHf4UgH9g0/video.html
I've looked into it and it's actually kinda scary
@PREISING PRODUCTIONS
Aluminum foil works too, and is a *LOT cheaper* !!!!
Get the heavy-duty 18 inch, or double-wrap the thinner sheet and you're good to go.
Sweet pouch, though....
I've been binging your videos Kevin since I'm a new subscriber. Just want to say I've already learned a lot from you and am considering buying my first real estate at 25! :)
Wow, great lesson. Thanks for sharing your experiences with margin, this provides some real tangible perspective.
Thankyou! Another great and awesome video. Learning so much on your channel and you explain everything very well.
You don't have to prove yourself anymore my man. You've provided hours upon hours of honesty and transparent information. Keep up the excellent work
Like Tesla isn't just going to bounce back.
Kevin this margin thing makes you look like a gambling addict LOL
O'Leary knows what hes talking about when he said NO MARGIN lmao, it's honestly not investing anymore when you're on margin, at that point, its gambling.
Duh
as long as you dont take out 2 much your fine theres a conservative amount you can take out if you have 100 dollars in equity and take out 1 dollar in margin and the MMR is 40 percent margin equity that means you would have to lose around 98 percent in the stock market to get margin called thats a low example of margin but you get my point stocks invested in the broad market diversified havent ever fallen 98 percent overnight
@zeppo shemp You have a point there, zeppo. I'm guilty, I suppose. But not quitting.
I'm now a successful investor who uses margin extensively. This followed door-to-door sales in college, jet fighter pilot in the 70s and 80s, airlines through 2005. with skydiving, motorcycling and scuba as recreation. Then volunteering and serving multiple tours flying missions in Kosovo and Iraq in my early 60s. Flew my last mission in Iraq in Nov. 2011 at age 64. Now 73 and still loving life.
Don't slow down and, just like TSLA, the others can't catch you.
Great information, Kevin! The psychology aspect of margin was very relatable.
Brother you are LITT!! to be sharing this. Thank you. Godspeed!
😈😈 “margin devil” 😆👍👍👍great video
I just watched Stephans recently uploaded video where he had Kevin O’ Leary look over his investment portfolio - in it, O’Leary gives the advice to never buy stocks on margin. The average person has trouble with CC debt, it would be ironic that the average consumer become discipline enough to wield the power and curse of CC debt responsibly... only to never have learned about the dangers of margin. I’m specially talking about the retail investors ( the Robinhoods ). I think education is key, and I don’t see anyone on CZcams take the time to really explain margin like you have ( real world applicability, charts, examples, mistakes, wins) , let alone be transparent and learn in almost real time 🤟🙏
Thank you for the updates and info! I really appreciate it!
Thank you for the video Kevin! Super important stuff!
Somewhere in Omaha, Warren Buffet is crying right now. “They never take my advice!” he says, shaking.
Robin Hood with morgin will kill milleniums! Buffet know. This is last wave and ceo sells!...
I'll find him and see. I live here
Don’t feel too sorry for him. He dries those tears with fat stacks.
I predict Tesla will fall to $36 just as I predicted MSFT would fall to $16 after the .com bubble burst, after all the institutional and Robinhood Sunnys are done with their momentum orgasm
Take it from this Noble Laureate in Economic the Ten commandments of Investing in this volatile market:
1) Never buy and hold, its like giving your cash to crooks of Wall st to manipulate
2) Get in dips and out on bump. I bought TSLA at 330, 2 weeks ago and sold at 410 , yesterday I bought TSLA at 350 and sold at 400 , dollar cost avg , could not catch all 1000 share of TSLA at 330 or 350. No one can time the mkt with 100% accuracy. I have a 92% success rate.
3) Always cash , no margin , no options, no Bonds , no day trading .
4) Never ever leave your cash on the table over the week ends.
5) Buy only when the mkt is down big time before the market opens. This opportunity comes along 2-3 times a month
6) Read books on the perils of gambling.
7) Be careful buying before earning calendar , most stocks have already made the run.
8) Never listen to all these Stock gurus on yout tube who mostly give BS advice
9) Dont look at the stock mkt as making big gains overnight, be conservative , dont fear FOMO
10) Dont be greedy . Period. Be patient , there are always more opportunities.
.
ReplyForward
Robert B wow bro, I’m inspired. This is going to change my life
Love your videos! Feels like we are just having a beer outside and talking about investments
Kevin love the videos buddy. Very informative.
Margin was what sent Millionaires jumping out the window in 1929 when the market crashed!
Good thing I'm not a millionaire. If I jump out of my window it wouldn't hurt, cause my window is only 6 ft high
"Margin is toxic." - Meet Kevin.
Gee whiz, when I lose 15 bucks I am devastated. Forget margin.
Those are rookie numbers! Gotta pump those numbers up!
@@SAZ-3500D LOL, working on that
You'll get used to it, I lose 3k, I brush it off like it's nothing because I don't panic sell.
Lol I’m down 5k on an average day. Especially on TSLA, the volatility is so goofy haha. Plus 5k one day, -2k the next
fuck I thought it was the end of the world when I lost $400 when I used the wrong currency in a day trade.
Thank you for your transparency Kevin. Very, very good advice!
There seems to be some expensive
lessons learned here. Thanks for sharing your insights.
I think this is called gambling.
He sucks .He has stolen my idea . I will forgive him , if he pays me half of his profits
How so? He's doing shares not options.
now that kevin’s giving us stock advice we’ve hit peak stock bubble.
yeah the dude needs to stay in his lane
Everyone's a genius during a bull market
Keep posting the videos we love it man
Kevin, your sharing is good. Appreciate.
I love how kevin just casually just wields Thors hammer and acts like its perfectly normal to be worthy of weilding Thors hammer.
Who knows if this is even Kevin... I’m not even sure his name is Kevin. Looks more like a Chet.
: D
Hey Bruce Wayne! I didn’t know you were black
ltorrison1 you don’t know shit an it’s okay
Seriously the only person that explained it in a way that i can understand. Great vid bro
Really, really great video. Thanks, Kevin.
I lost my entire earning from the last 6 months with margin in September, my whole account is 20% down due to margin, so yes, be careful, emotions play a big role here, cash will always be better and if by any chance you use margin, always set up an stop loss to sell the margin, margin is gambling not invest there is no other way to call it.
“It’s crazy how protected real estate is, today.” Isn’t it funny how protected we feel in a bubble.
college
The Fed committed to these low interest rates until 2023. If you know what interest rates do to the price of real estate
This was an awesome video for a new Kevin! I can be understand how much work properly so it’s great to see a real life example and hear about the pros and cons. Thanks!
Thanks, I have watched tons of financial videos and have not seen personal experience in margin shown! 😀
In short margin is gambling and could ruin your life in a matter of hours
higher chances yes, but as you can see Kevin made a lot of money using it
"ruin your life in a matter of hours" Makes taking that first hit off of a crack pipe sound mild by comparison. Kevin isn't afraid of the glass pipe!
Just another Jarhead higher risk higher reward, Kevin losing some money won't put him in debt, I used 100% margin with the Tesla run, and it worked fantastically, I'm not Kevin I've just been poor my whole life so if ever get in debt because of margin won't be the first time, I know the real struggle 😢, so I don't mind risking it lol
Yea, thats only true if you dont know hoe to use it. Just like credit cards, and thats unfortunately most people. And when it comes to people not knowing what they are doing in the market, thats an even higher percentage
@@VinnyLogz you just described 99% of Robinhood users.
"everybody has a strategy until they got punched in the face." it's moments like this teach us about who we are, as a person, as an investor/trader/spectator w/e. We are only mortals, we all fight the "if it ain't broke, don't fix it" motto with "but I want more" temptation, suddenly we just ventured into a different risk/pressure environment and found ourselves not emotionally, financially and strategically prepared for. after all, nobody knows for sure how well prepared for a punch to the face until they ACTUALLY got punched in the face. "Risk and Reward" is a fair game, you just dove head in first too fast and too deep, that's your mistake. but you are smart, you are financially stable, you just paid a tuition (expensive, but no serious consequence) to learn about yourself, and ultimately you are better off because of it.
Marc T. If you don’t have currency in the stock market then you are losing purchasing power by the day :( it sucks that everyone is forced to do this since if we had a market rate of interest and used sound money then you’d be able to make decent returns in a savings account but sadly that’s not the case
Thanks for your honesty and providing your private information for learning purposes.
😅😅😅🥰 phew!! I’m so pleased for you. You made a great call and must feel so relieved. Thanks to watching I decided to sell the cash I knew I would need but I bought in the last dip and didn’t get around to selling at the high! But I’ve sold at a slight gain and feel relieved!!
This just in meet Kevin posts every 20 minutes! Love to see the AdSense money pouring in from all this.
Hard work pays off :)
He did post a video on how much he makes a month from Adsense.
@@SpaceLab619 Yeah! That was before all of the LIVE updates/ posting 3 X a day right?
Victoria Bergman like 200-250k/month if I remember correctly
@Victoria Bergmansomething like 600k per video?
"worth up to $1600"
They gave me one worth $3.... Wasn't counting on anything remotely generous to begin with but.... meh
To be fair, Webull is up front about the chances
@@esodan Don't get me wrong, it's still a few extra free dollars, but it's not as useful as it would be if Webull had fractional investing as an option. Either way, not bothered beneath the surface. Just kinda meh.
They offer 35 free stocks if you transfer your portfolio over to them and they cover the transfer fee. I imagine the 35 stocks would net like $350-500 on average
Jspath3 yeah I’m sticking with Robinhood for now lol
Thanks for being so transparent with us about your investments. Love the videos.
Good video, it’s important to talk about the risks along with the benefits
Kevin is starting to look like teen wolf from back in the day lol 🐺
...reminds me of the kid from "the 6th sense"
dollar shave club, and I don't even get consideration for the link.
Kevin reminders me of Jim Carrey . He’s like a the Jim carrey investor version love it tho 👌 it’s gold nuggets with a dash of entertainment
Just one of the bests.
Thanks for sharing
Thank you Kevin for sharing us your story.
Kevin your M1 Finance "Top 6 stocks" link still contains dave and busters... I'm guessing that's not really one of your top stock picks anymore..
Ah yeah I dropped it to 1% in late August - let me delete that now - Thank you!!
Haters wanna hate Kevin. Keep providing us with this great financial advice 🔥
Awesome video!
Thanks for making this video!
I really enjoy all of your content, can’t wait till more! U inspired me to make my own channel about finance, stocks, business, real estate and more! I’m 13 with about $1700 in stocks
Joshuwa Garcia thx
Congrats man!!! I was scared to get into the market my entire life, until I started watching Kevin. He really inspired me
to take that leap of faith. My only regret is that I didn’t take the initiative sooner! I would love to go bk and start investing at 13, heck I’d take 30 😆 but better late than never right?! Good luck on your endeavors 🍀
Melissa M thanks keep up the good work!
Bro you’re too smart to be buying individual stocks on margin!!
Great video Kevin!
Thank you Kevin for the valuable information... you're such an amazing person...
Soon as his beard is long enough to braid, he’ll be pulling out a Viking helmet
My housemates were talking about his beard too haha
🤡
To anyone interested in margin: leave it alone; don't use it AT ALL. Even if you have income streams and you can pay it off. The drops with margin can be exponential, rather than linear. Speed of losses is way way way faster than you realize. What Kevin is going through is a classic way a person gets introduced to margin...and usually, after the account implodes, they chalk it off as a life lesson. This, unfortunately, happened to me. I had to get over the pain of the loss and completely give up margin after that. When prices fall, the person buying with CASH can buy fearlessly...(as long as there is no bankruptcy risk)...but, the person buying with margin goes through a lot of emotions. The highs and lows of margin are crazy. They are not good for your mental well being, your heart, or your financial life. When you see prices go up like crazy, you lose respect for money...and you start to take bigger and bigger risks. Everything becomes a game and numbers become meaningless. When the prices drop, you "hope" that it will go back up...but the market teaches quite bit of crazy lessons. YES, it's possible to come out of this alive and kicking, but it's way more likely that an account blows up. The psychology he is talking about...every margin trader has gone through this. And I'm telling you, when accounts implode, the loss will haunt you for a while until you finally accept the loss; and, you may not even invest at all (I didn't for months until I decided to completely change my investing style to indexing). So, LEAVE MARGIN ALONE. Focus on buying with cash. Buy some diversification like SP500 index / or create a healthy portfolio yourself. Try your best to not get caught in the quicksand that is Margin.
Thanks for this I’m new to buying stocks and this is great info!
Great Info. Thx Kev !
Heads up, Kevin. I got a friend request from you with your picture on it, but a different name, with MEET KEVIN UNDER IT. Some people!😒
BTW...Thank you for your updates!
lots of instagram scammers be careful!
The struggle is real! Margin isn’t your friend I tell myself daily
Grittiest, realest video you've posted yet. Loved it!
Thanks for sharing your story!!!
NEVER sell stocks you know are valuable long term....
He is a trader, not an investor (haven't seen many of his videos but based on this one, that's my conclusion)
@@dariostrassli7024 True. jiggles and wiggles on charts make traders sell.
i lost all my money with margin when i was 19. i lost all my money with options when i was 25. if i ever use margin again, i would do it very conservatively, same goes for options. generally, i just like the idea of buying and holding the stock of a good company that i think has a bright long term future. i pretty much follow buffets strategy, but i choose my own stock as well as invest in some of the same ones he does. im not trying to be a genius. im just trying to increase my equity.
Wop wop Instructions unclear. Bought bunch of ETFs on Margin.
These are the type of videos, that made me sub in the first place
A youtuber that time stamps to the title!!! You sir deserve a sub!!!!
Never use margin.
Thought I was doing good with having $967K in stocks and Kevin just has that to nibble on stocks... What am I doing in my life WTF?
😳
I have $600
Perspective my friend
@@regulardude2011I have a couple of grand in stocks and I thought j was doing well 😂
@Rebecca Lindsay, you are as long as they make you money. I’m currently learning to trade. I tried day trading today and lost $93. Swing trading is more of my thing. I made a tiny profit swinging APPL
Thanks for the informational anecdote
Thank you for your transparency Kevin
Wtf happened to Kevin since Coronavirus started. Looks like he aged 10yrs
Margin can do that.
He’s losing money to a degree that he can’t sustain it. He’s over leveraged himself on stocks and the property market is about to crash... he will be bankrupt in a year or two for sure
hello
Great info. Thank u.
thank you for blessing us with knowledge
Your just greedy your making all this money on CZcams and your using margin smh . Pay off your margin ASAP you probably made so much money this year just be happy of what you got . It’s not competition
Right, or at least do something sane like 1.2x margin on an index fund. These YOLO plays are going to hurt real bad eventually.
Yeah, it's either greed or mania. Not sure which one is worse.
@@NatashaEstrada People like Kevin have a very interesting psychology. I envy them, really and truly. They're almost always terribly successful if they've got a good disposition and/or some smarts (and totally fucked if they don't).
But it never leads people like him towards the conventional path. He might get burned by it, he might even go bankrupt by a play I would never ever make, but Kevin is the sort of person who would just build it all back up again.
Again, a lot of admiration and respect for that mentality, energy, and /je ne sais quoi/.
^hater
@@nickallgaier755 The dude can't even get the very simple but important math right on his margin spreadsheet before he shares it with a ~million people. I think it's fair to criticize his irresponsible use of margin, given that he consistently demonstrates he doesn't understand margin maintenance... while also YOLOing on a company with a 1,000 P/E ratio.
in order to make profits in the stock market, one has to have a good strategy and proper knowledge of how the holders manipulate the market.
Lost close to a thousand bucks trading stocks, i would welcome a strategy that can get me some profits in the market
@@bettyscruggs1961 I invest with my broker Sir Richard, i have recorded 4wins and 0 losses so far, he is a genius.
I started investing with Richard when i was in DC, i keep making consistent profits with him.
@@raymondbull3609 How do i get in touch with this broker?
@@bettyscruggs1961 Here, you can go write him at
ThX KEVIN GOOD INFORMATION
You timed the market well KEVIN! Wise words from you. Do you advise people to go personal trading vs. hiring a financial advisor?
something like 80-90% investment managers do not outperform the market. They do not generally actively trade, they simply buy some investments and let them be. For most part managers get a % of funds invested so they want you invested 100% of the time to make their commission even if they feel a crash is coming. You can buy a basic index fund like S&P500 on your own and do better than 80-90% financial advisors.
When I first learned of margin, I was so scared to even consider it. Never bought on margin.
You are already rich, you don't need margin to have a decent income from stocks. What you did was just greed and ego.
He's not really rich he uses debt for his networth. Long term yea he's sitting good.
@@WiCapitalco He is rich because he can support a comfortable life with just his investment and assets. He does not need a salary
@@juniorguerrero4488 srs what's the point of making money if you can't sleep well at night because of a margin call? Make money sure, but make money in a way you can have peace of mind. You need to add balance to your life. Get a nice decent income AS LONG as you also have time to do the things you like to do and not many worries in life
@@mathguy1420 you're making invalid points with no meat on the bone bud just give up lol
@@WiCapitalco why don't you give up? I have all day and I am not leaving
Agreed.... Thanks for the info! ❤️
Kevin love your videos and explanations!
So lustig !